Field Force Automation Market Value Expected to Reached US$ 3.5 Bn by 2021
The Field Force Automation market is anticipated to grow US$ 3.5 Bn by 2021, at a significant CAGR of 20% during the forecast period 2021-2031. Field force automation helps in establishing a real-time communication channel between the offsite sales team and on-site team handling sales and admin operations.
The field force automation solution offers various features for efficient communication including mobile workforce management, intelligent dispatching and tracking, secure real-time communication, efficient logistic management and others. As the field force automation solutions are largely used for solving the challenge of communication with field workforces, hence its demand is expected to increase in the coming period.
What is Driving Demand for Field Force Automation?
Due to increasing penetration of connected devices and robust connectivity technologies, the adoption offield force automation is largely increased and owing to this the growth can be seen in IT and Telecom, Healthcare and Life Sciences, Manufacturing, Transportation and Logistics, Construction and Real Estate, Energy and Utilities and other industries. In addition, these automation systems are offering its users with enhanced workforce productivity and saving the loss of time while field work.
The rising application of automation technologies in the industrial setup is estimated to improve the efficiency of the workforce, which is anticipated to drive the demand offield force automation. The features of field force automation solutions such as advanced analytics, cost-effective, mobile-based sales force automation and others are some of the major factors that are expected to propel the growth of the market, during the forecast period.
Solution providers are increasingly offering advanced capabilities to effectively cater to the field sales force management requirement of various industry verticals, which is likely to drive the growth of the field force automation solutions, globally. Furthermore, the growing demand to maximize the efficiency field workforces across departments, is expected to propel the solution demand.
Improvement in the Economies of Scale to Proliferate Field Force Automation
Economics of scale play a vital role in impacting the decisions of business heads. The improvement can be seen in the economies of scale with the use of field force automation. Industrial thoughts leaders come together with the idea of using field force automation solution at the back and front offices.
Further, these solution helps in achieving faster returns on investment, accurate sales data visibility, and increasing customer touch point and satisfaction. Thus, it is expected to create more opportunities in the market, as industries are increasingly investing in these automation solutions to management their field workforce.
North America Demand Outlook for Field Force Automation
The demand for field force automation is anticipated to grow at a significant rate in North America, owing to increasing penetration of connected devices and robust connectivity technologies in industrial, energy and power, telecom and manufacturing sectors, to manage their mobile field workforce.
In addition, most of the key players have presence in the US region, thus it is another significant factor driving adoption of field force automation, serving the local and national end-users. According to statistics, the mobile workforce in US region would be nearly 60% of the total US workforce by 2025. Many enterprises in the North American region are increasingly investing in mobile-based workforce automation solutions to ensure frontline field workforce productivity and efficiency.
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Who are the Key Vendors of Field Force Automation?
Some of the leading vendors of Field force automation include
- Appobile Labs
Key players in the market are focusing on expanding and deploying new lineup of field force automation solutions to meet rising demands from various end-user industries. For instance, ServiceMax, is a leading provider of automation solutions, offers field force automation solutions that are largely used in applications that helps in solving the challenge of communication with field forces across various industries.The company largely focuses on strategic acquisitions to broaden its product offerings.
Field Force Automation Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
An Adaptive Approach to Modern-day Research Needs
- Field Force Automation Platform
- Consulting Services
- Integration & Implementation Services
- Support & Maintenance Services
By Enterprise Size
- Large Enterprise
- Small & Medium Enterprises
- IT & Telecom
- Energy & Power
- Construction & Building
- Retail & CPG
- Transportation and Logistics
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia & Pacific
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.